Randolph Specialty Group Practice

Asheboro, NCUnknown exempt organizationSince 2007EIN 11-3827203Revenue $17.4M in FY2021

On file with the IRSrandolphhealth.org218c Foust St · Asheboro, NC

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The mission of Randolph Specialty Group is to provide access to medical services.

98¢ of each $1 spent went to programs.
$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $2.9M a year · 15% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 8 voting members
Worth a look: 3 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.4M
-16% vs prior year
Spent
$20.2M
To programs
98%
Net assets
$0
By yearFY2020–FY2021
Revenue
$17.4M
FY2021▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.7M
FY2021$17.4M
Expenses
$20.2M
FY2021▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2020$23.7M
FY2021$20.2M
Net assets
$0
FY2021▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$22.6M
FY2021$0

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $19.8M Management & general 2% · $403K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$640,143Pt VII · Sec A
Physician
$418,296Pt VII · Sec A
$349,248Pt VII · Sec A
$318,219Pt VII · Sec A
$269,766Pt VII · Sec A
Physician/Board Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2021FY2020
Dr Jeffrey Yaste—$667,578
Dr Shakeel Durrani$640,143—
Shakeel F Durrani—$549,418
Dr Brandon Ma$418,296—
Dr Keung Lee—$412,640
Stephen Campbell—$374,512
SR Stephen Campbell$349,248—
Brandon Ma—$345,819

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides access to medical services for those in need.

Provided by the organization

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1 program · $19.8M · in their own filed words · FY2020
01

Randolph specialty group practice was formed to promote, improve and enhance the quality of health care services in randolph county, NC and surrounding counties by providing physicians and other medical services to the community.

$19.8Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$17.4M
Ln 12
Fees for servicesLn 2g$17.4M
Money outPt IX
$20.2M
Ln 25
Programscol B$19.8M
Managementcol C$403K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A5
Voting boardVI 1a8
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$17.4M
Total revenueLn 12$17.4M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5243
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$597K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$638K$0
Total assetsLn 16$3.7M$0
LiabilitiesLn 26$26.2M$0
Net assetsLn 32−$22.6M$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$11.2M$10.8M$401K
Other employee benefitsLn 9$1.8M$1.8M$2K
Payroll taxesLn 10$44K$44K$44
OccupancyLn 16$13K$13K
Depreciation, depletion and amortizationLn 22$126K$126K
Other expenses (24a–d)Ln 24$7.1M$7.1M
Total functional expensesLn 25$20.2M$19.8M$403K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $17.4M$20.2M−$2.8M$0 990 PDF
FY2020 $20.7M$23.7M−$3.0M−$22.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $17,445,662 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $20,321,280$17,445,662
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $381,627$0
I-12 Total revenuePrior year $20,702,907$17,445,662
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $15,701,255$13,029,607
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,033,131$7,218,165
I-18 Total expensesPrior year $23,734,386$20,247,772
I-19 Revenue less expensesPrior year −$3,031,479−$2,802,110
Part VI · Governance 3 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,445,662 across 2 lines filed
Lines not itemized here account for $381,147 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,064,515$17,064,515
VIII-12 Total revenueRelated to mission $17,445,662 · Unrelated business $0 · Excluded from tax $0$17,445,662
Part IX · Statement of functional expenses $20,247,772 across 6 lines filed
IX-7 Other salaries and wagesPrograms $10,831,962 · Management $400,878$11,232,840
IX-9 Other employee benefitsPrograms $1,750,756 · Management $1,753$1,752,509
IX-10 Payroll taxesPrograms $44,214 · Management $44$44,258
IX-16 OccupancyPrograms $12,830$12,830
IX-22 Depreciation, depletion and amortizationPrograms $125,670$125,670
IX-24 Other expenses (24a–d)Programs $7,079,665$7,079,665
IX-25 Total functional expensesPrograms $19,845,097 · Management $402,675 · Fundraising $0$20,247,772
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $596,567$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,096,372$0
X-8 Inventories for sale or useStart of year $386,677$0
X-9 Prepaid expenses and deferred chargesStart of year $222,110$0
X-10c Land, buildings and equipment, netStart of year $638,047$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $678,780$0
X-15 Other assetsStart of year $54,694$0
X-16 Total assetsStart of year $3,673,247$0
X-25 Other liabilitiesStart of year $24,207,227$0
X-26 Total liabilitiesStart of year $26,240,664$0
X-27 Net assets without donor restrictionsStart of year −$22,567,417$0
X-32 Total net assets or fund balancesStart of year −$22,567,417$0
X-33 Total liabilities and net assetsStart of year $3,673,247$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$17,445,662
XI-2 Total expenses$20,247,772
XI-3 Revenue less expenses−$2,802,110
XI-4 Net assets at start of year−$22,567,417
XI-9 Other changes in net assets$25,369,527
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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